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Description

Desirable 1848 Seated Dollar in Proof Format, An Always-Popular Date

1848 $1 PR64 NGC. This coin was previously offered as lot 5321 in our October 1999 E-Fair Premier Sale, where it was cataloged as: "Within a series of noted rarities, the 1848 issue is certainly among the rarest of the proof Seated Dollars. Of the estimated 25-35 specimens originally coined, Bowers (1993) speculates that fewer than 15 specimens are extant today. While NGC and PCGS combined have certified seven examples, the current piece shares the PR64 grade tier with [two] other coins and is bettered by [two more] single PR66 NGC specimen (1/02). While the trio of small die chips below Liberty's right (facing) breast are indicative of the issue, a small planchet flaw on the obverse rim below the date is important for establishing the pedigree of this piece. The champagne-gold patina that overlays the obverse deepens somewhat across the reverse, although we note that the reflectivity of the underlying fields shines through forcefully. Crisply struck from the top of Liberty's head to the bottom of the eagle's left (facing) leg, the few wispy, grade-defining hairlines hardly detract from this coin's noteworthy rarity and memorable eye appeal. The meager output of 15,000 business strike Dollars produced this year focuses added attention on this proof specimen. Dedicated Seated Dollar collectors would be wise to take full advantage of the opportunity that this Condition Census example offers..."
Ex: Public Auction Sale (Lester Merkin, 9/68), lot 344, where it realized $825. (NGC ID# 24ZY, PCGS# 6989)

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Auction Dates
April, 2002
25th-27th
Internet/Mail/Phone Bidders: 2
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